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finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have not seen that happen. host: from mark williams, what will be specifically affected in the economy if we go over the cliff? guest: instead of giving you my own numbers, let me use the congressional budget office estimates. if we go over the cliff, and if the clip stays in place for the whole year -- clef stays in place for the whole year, gdp will go into negative territory. that will push this into a short-term recession. economic growth below zero. unemployment will rise from current levels to about 9%. we will put in place the worst fiscal policy
finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have...
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what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of
what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax...
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mitch mcconnell, up for re-election. will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular. raising tax rates and probably cut back on benefits so, remains to be seen if they can get 60 in the senate and 218 in the house. but boehner may have to put that senate pass bill of the 250,000 obama plan, he says that doesn't have the votes topaz the house. he may have to prove that. >> real quickly i want to shift gears here and talk about chuck hagel and the potential of him being put up to the cabinet level position of secretary of defense. and getting criticism from the left and the right, chuck schumer declining to endorse him yesterday on meet the press. i want to play for everybody what andrea mitchell also said on "meet the press." >> this white house cannot continue to float trial balloons and then not have them shot down. the president can't perceived to being rolled by opponents. the problem of chuck hagel with support in the foreign policy community is shot at from the left and the right. >> i want to put it to you, both.
mitch mcconnell, up for re-election. will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular. raising tax rates and probably cut back on benefits so, remains to be seen if they can get 60 in the senate and 218 in the house. but boehner may have to put that senate pass bill of the 250,000 obama plan, he says that doesn't have the votes topaz the house. he may have to prove that. >> real quickly i want to shift gears here and talk about chuck...
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senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president himself during his press con
senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new...
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today i also recognize my colleague, republican leader mitch mcconnell. i have stood next to him on the senate floor now for a long time, and there is no cause for which he has been more pronounced in doing something about than aung san suu kyi and burma. i extend my congratulations, my admiration and i applaud him for his good work. he has been a long standing advocate in the united states to focus on burma and what is wrong there with the ruling junta. he co-sponsored the economic sanctions bill that helped push the regime toward freedom. sometimes people think it is hard for the two parties of congress to find common ground. lots of times it is. but i am pleased that where the burma policy is concerned, there has been no split between democrats and republicans. i'm grateful to senator mcconnell for his leadership on this issue, not just for the last few days or months, but for two decades. i also commend secretary clinton and the many foreign service as operatives who dedicate their time and talents to liberty abroad. state department officials often p
today i also recognize my colleague, republican leader mitch mcconnell. i have stood next to him on the senate floor now for a long time, and there is no cause for which he has been more pronounced in doing something about than aung san suu kyi and burma. i extend my congratulations, my admiration and i applaud him for his good work. he has been a long standing advocate in the united states to focus on burma and what is wrong there with the ruling junta. he co-sponsored the economic sanctions...
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mcconnell which is key in finding something to get through the senate and perhaps because of that, i guess some of that pessimism that you are hearing from republicans like senator brasso, shared by democrats. take a listen. >> i feel that it's more likely that we will go over the cliff than not and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> so all eyes now on the senate, which will reconvene on thursday. senate majority leader harry reid has the task of trying to cobble something together that can get through, not only the senate, probably with republican support, but also through the house of representatives with some republican support. the white house still publicly saying they want the threshold for tax cuts to remain at $250,000 and below for folks to see tax cuts preserved what we hear from both sides, democrats and republicans there, is a significant possibility we go over the fiscal cliff. what are they saying? merry cliff-mas? >> yes, they are. 'twas
mcconnell which is key in finding something to get through the senate and perhaps because of that, i guess some of that pessimism that you are hearing from republicans like senator brasso, shared by democrats. take a listen. >> i feel that it's more likely that we will go over the cliff than not and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> so all eyes now on...
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one of those 4 senators is mitch mcconnell the g.o.p. leader. >> reporter: the president before leaving for hawaii says he hopes everyone gets a chance to drink some el nog, sing some christmas carols and get with their constituents to aeu to tell them they can get something done. all this will only cut $8 billion as opposed to the $4 trillion. can't america do better th-pb. >> the discussions have been focused entirely on taxes. even if you adopted all the president's tax cuts -- tax increases that he wanted it would do so little to touch our long-term fiscal problem. it really needs to be entitlement reform and it's really a tragedy that everything has been focused on taxes when entitlement reform is really what needs to be addressed to address a long term fiscal crisis. >> reporter: that and taxes seem to be the sticking point. jaime we thank you your insights. merry chris misand happy holidays to you. >> same to you. thank you. >> reporter: there were four firefighters responding to a fire in upstate new york and all four were shot o
one of those 4 senators is mitch mcconnell the g.o.p. leader. >> reporter: the president before leaving for hawaii says he hopes everyone gets a chance to drink some el nog, sing some christmas carols and get with their constituents to aeu to tell them they can get something done. all this will only cut $8 billion as opposed to the $4 trillion. can't america do better th-pb. >> the discussions have been focused entirely on taxes. even if you adopted all the president's tax cuts --...